Fixed Income. Core Strength

A member of the Allianz Group, PIMCO was founded in 1971. With over thirty-six years experience, the company is now a globally renowned fixed income management powerhouse.

With $829.5bn under management, PIMCO is one of the largest bond fund managers in the world, managing more than four times the total combined value of all UK-based bond funds put together.⁽¹⁾

PIMCO’s combination of topflight talent, cutting edge technology, truly global resources and a long-term investment approach have produced consistent outperformance – in the United States, PIMCO has outperformed the market index in every one of 176 rolling three-year periods from November 1992 through to June 2007.⁽²⁾

As well as retail investors, the company manages assets for central banks, multinational corporations and individual investors. PIMCO’s Total Return Fund is the world’s largest actively managed bond fund – $102bn as at 30 June 2007.

By diversifying strategies, or relying on multiple sources of value, PIMCO aims to generate a solid track record with a high degree of consistency. The company employs bottom-up techniques involving analysis and selection of specific securities, but also seeks to add value through the use of top-down strategies.

PIMCO is a "coreplus" manager; by tapping different sectors of the fixed income markets, the company seeks to outperform while maintaining similar levels of volatility to the benchmark. Four key themes underlie PIMCO’s whole investment approach and in combination differentiate the organisation from its peers:

• PIMCO strongly endorses the benefits of exploiting global opportunities through diversified investment decisions


• PIMCO focuses on a longer-term investment horizon


• PIMCO possesses a truly global investment platform that integrates global management oversight with local market expertise


• PIMCO has a specialised structure that allows portfolio managers and client service professionals to deliver a superior service

PIMCO has been a trendsetter within the fixed income industry. The company is at the forefront, pioneering the use of innovative solutions including portable alpha and absolute return strategies. Its flat management structure allows a focus on client needs and rapid response to an ever-changing external environment.

(1) Source: IMA/PIMCO, 30 June 2008.
(2) Source: PIMCO.